These money saving tips for holiday shopping can be used by anyone. They are simple rules that can completely change the way you shop!
It can be easy to go crazy and overspend during the holidays. While many shop all year long, most people do not start any shopping until Thanksgiving (or later).
This is when the deals start to creep onto your television and into your in-box. It can become overwhelming and you can quickly over-buy and lose control. Here are SIX great tips you can follow to help keep your spending under control!
1. Create a Budget and Shopping List. Before you jump in and start buying willy-nilly, you should have BOTH a budget and shopping list ready.Our free holiday printables can help you plan your shopping and budget to ensure you don’t overspend.
Once your budget is in place, determine what it is you will buy or make. If your budget is tight, you may want to try homemade gifts (check out one of my Pinterest boards for some ideas). Make sure you stick to your list so that when the mail comes in January, you’ll be happy to see fewer bills show up in the mail box!
2. Make sure it is a deal you need. If you find buy something only because of the price, was it really a deal? If it was something you would not have purchased at regular price doesn’t mean you should when it is discounted. Even if you get it for $10 because you are saving $15, that is another $10 taken out of your holiday budget. Make sure that when you see a deal, that it is something you really need to buy and not something you buy just because of the price.
3. Don’t get sucked in by the phrase Black Friday. Just because it is Black Friday, it doesn’t mean that those are the best deals you can find. Some of the best days to shop include:
- Days leading up to Thanksgiving – Toys and Electronics
- Cyber Monday (the first Monday after Thanksgiving)
If you take a minute to actually look through the Black Friday Ads, you may notice they are underwhelming. Many items are not even on sale. Don’t fall for the hype of Black Friday. That means, don’t think that means you are guaranteed to get some of the best prices of the shopping season.
If you do plan on getting out to shop, you can read my Best Black Friday Shopping Tips. If you want to stay home instead, we’ll be here to help. Our database will be filled with coupon codes and offers!!!
4. Shop online. While I do sometimes shop in the stores, I will admit to doing most of my shopping online. I am just so busy that getting out is not as easy as it has been in the past. Between that and the weekend madness, I’d just rather spend time at home with my kids.
When I have the patience to wait for a deal, I can often find deals that I can’t find in the store. Sometimes, they may cost a bit more than the in-store price. I will still grab the on-line deal so that I don’t have to spend fuel or my time to drive to the store to grab it!
I will admit that my favorite place to shop is Amazon. If you shop with them, I recommend paying the $99 annual fee for Amazon Prime. In my experience, it more than pays for itself in my shipping savings alone!!! Between price matching and daily deals, they are competitive during the holiday season. I find that I do a great job in getting the things we need, without hurting our holiday budget!
5. Numbers don’t matter. I don’t know about you, but I would rather spend the same amount and give my kids each 2 or 3 items which will last than 10 items which will fall apart. In addition, I don’t care what my kids give me either. One of my favorite gifts was a silly snowman coffee mug that cost $1 at one of our Dollar Stores. I love it most of all because my daughter was so proud that she not only picked it out herself, but spend her own money to buy it for me. She reminds me of this when I dig out that mug for my hot cocoa each winter.
I’ve receive many gift over the years, but this small mug is the thing I remember. Your family will do the same thing – if you give something from the heart – or just do what you can to make the holiday memorable, that is what matters most of all. You probably won’t remember what gift you were given in 2 years, but you will remember that special moment where your child smiled or your last photo with grandma.
6. Stop shopping when the list is done. This may seem like it is common sense, but it may be harder than you realize. Look at your list. Are you done getting something for everyone? If so, stay out of the stores. It is so simple to see something and pick up “just one more item.” Doing this can quickly add up into 5 – 10 more items and quickly blow that budget you set in step #1 above. Like I tell my kids ……. “put down the toy and walk away.”
What other tips do you have to add to our list?